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23911697

2749 N Cicero Ave, Chicago, IL 60639

EC
CA 01789133
GAIA Real Estate Investments
Listed by GAIA Real Estate Investments
$3,159,960
356 days on market
Updated 78 days ago

Starbucks-Corporate

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,204
Cap Rate 5%
NOI $157,998
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NN
Lease Term 10.3
Lease Expiration 02/28/2034
Remaining Term 7.7
Rent Bumps Yes
Lease Options Four (5) year options with increases
Year Built 2023
Acreage 0.435
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/17/2023
Occupancy Date 11/17/2023

Retail | 5.00% CAP | 2,204 SqFt

Marketing description

Starbucks-Chicago presents a prime investment opportunity located at 2749 N Cicero Ave, Chicago, Illinois. Listed at $3,159,960 with a 5% Cap Rate, this newly constructed Starbucks property comes with a 10-year NN Corporate Lease, providing a stable income stream. The building spans 2,204 sq ft on a spacious 18,948 sq ft lot, with an NOI of $157,998. This property is strategically positioned in a densely populated neighborhood with no direct retail competition, just 11 miles from Chicago O’Hare International Airport. The lease, with 8.3 years remaining, offers 10% increases every five years, providing a secure and potentially high-yield investment opportunity. Surrounded by well-known retail tenants within a two-mile radius, such as KFC, Walmart, and McDonald’s, this Starbucks location benefits from a high-traffic area. Don’t miss out on this attractive investment with a solid lease in place.

Investment highlights

Investment Highlights

NN Lease

10 Year Term with 8.3 years remaining

Corporately Guaranteed

10% Increases Every Five Years

LL Responsible for Roof/Structure

Densely Populated Area

11 Miles from Chicago O’Hare Airport

Listing Contacts

EC
CA 01789133
GAIA Real Estate Investments
Listed by GAIA Real Estate Investments

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$157,998.00
$13,166.50/mo

Valuation Metrics

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DSCR
5%
Cap Rate
5%
ROI

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